Dimensional Fund Advisors LP cut its position in shares of InnerWorkings, Inc. (NASDAQ:INWK) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,558,341 shares of the business services provider’s stock after selling 28,502 shares during the quarter. Dimensional Fund Advisors LP owned about 8.42% of InnerWorkings worth $51,282,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its stake in InnerWorkings by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 10,713 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 1,007 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in InnerWorkings during the 2nd quarter valued at approximately $127,000. Petrus Trust Company LTA acquired a new stake in InnerWorkings during the 2nd quarter valued at approximately $130,000. Zacks Investment Management bought a new position in InnerWorkings during the 2nd quarter worth approximately $146,000. Finally, Citadel Advisors LLC bought a new position in InnerWorkings during the 2nd quarter worth approximately $153,000. Institutional investors own 80.80% of the company’s stock.

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Shares of InnerWorkings, Inc. (NASDAQ:INWK) opened at $10.05 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.63 and a current ratio of 1.86. The firm has a market capitalization of $546.63, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.68. InnerWorkings, Inc. has a 12 month low of $9.08 and a 12 month high of $12.03.

InnerWorkings (NASDAQ:INWK) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. InnerWorkings had a return on equity of 9.53% and a net margin of 2.04%. The firm had revenue of $288.40 million for the quarter, compared to the consensus estimate of $289.82 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. equities research analysts expect that InnerWorkings, Inc. will post 0.49 earnings per share for the current fiscal year.

A number of research analysts have commented on INWK shares. Lake Street Capital started coverage on InnerWorkings in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised InnerWorkings from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, November 9th. Finally, Dougherty & Co started coverage on InnerWorkings in a report on Tuesday, October 31st. They issued a “buy” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. InnerWorkings presently has a consensus rating of “Buy” and an average target price of $13.60.

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InnerWorkings Company Profile

InnerWorkings, Inc is a marketing execution company. The Company’s software applications and databases create an integrated solution that stores, analyzes and tracks the production capabilities of its supplier network, as well as detailed pricing data. The Company’s segments include North America and International.

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